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CC Work Session 2. 1. <br />Meeting Date: 06/25/2019 <br />Information <br />Title: <br />Review Business Subsidy Request for DeltaModTech - Consider Establishing TIF District 17 and Approving a TIF <br />Agreement <br />Purpose/Background: <br />DeltaModTech (through holding companies SLP EX, LLC and AMP EX, LLC) has submitted a request for <br />Tax Increment Financing (TIF) assistance. This case is also scheduled for the Regular Agenda this evening as a <br />Public Hearing. The case for Regular Agenda is attached here for reference. The purpose of Work Session Review <br />is to provide time and space to ask clarifying questions prior to in depth review and policy direction. <br />Timeframe: <br />Up to 30 minutes. <br />Funding Source: <br />If approved, financing for a business subsidy would come from a proposed new 9-year TIF District (TIF #17) and <br />$10,000 fee from SLP EX, LLC and AMP EX, LLC (Delta ModTech). Please see the Regular Agenda Case for <br />specifics. <br />Responsible Party(ies): <br />Community Development Director <br />Economic Development Manager <br />Outcome: <br />Update of project specifics and the process involved to create a TIF District and award a Business <br />Subsidy/Financial Assistance. <br />Attachments <br />Regular Session Case <br />Form Review <br />Inbox Reviewed By Date <br />Tim Gladhill Sean Sullivan 06/19/2019 02:56 PM <br />Sean Sullivan (Originator) Sean Sullivan 06/19/2019 02:56 PM <br />Tim Gladhill Tim Gladhill 06/20/2019 02:47 PM <br />Kurt Ulrich Kurt Ulrich 06/20/2019 03:03 PM <br />Form Started By: Sean Sullivan Started On: 06/19/2019 02:45 PM <br />Final Approval Date: 06/20/2019 <br />